---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022984"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:45:12.672593+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Innovative Industrial Properties approves $100M share repurchase program

## Summary
- Board approved new $100M common stock repurchase program on March 3, 2026.
- Program replaces existing program set to expire March 17, 2026; expires March 4, 2027.
- Repurchases may be made via open market, block trades, or private transactions.
- Company may adopt a Rule 10b5-1 plan to repurchase during blackout periods.
- Timing and volume at management's discretion; program may be extended or discontinued.

## SEC filing metadata
- accession: 0001104659-26-022984
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465926022984/0001104659-26-022984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465926022984/tm267924d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022984
- JSON: https://secwatch.observer/filing/0001104659-26-022984.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022984.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.